The new Russian F1 circuit, due to host its first grand prix in 2014, is also aiming to attract MotoGP and World Superbike.

Upon giving an update of the circuit's progress, CEO Alexander Bogdanov said: "The construction of the racing track in Sochi is going into high gear. The 5854m long circuit is one of the longest in the Formula One World Championship.

“The autodrome will also host different racing series such as FIA GT World Series, FIA WEC, WTCC, Formula 3, and Russian national championships.

“We are working through the possibility of hosting motorcycle racing of [the] highest level: MotoGP, World Superbike, and others.”

The circuit (pictured), like most new F1 venues, has been designed by Hermann Tilke. Tilke believes the venue would be suitable for both two and four-wheel grand prix racing.

“There is no doubt that the circuit will be meeting all the requirements for Formula One and maybe also for the MotoGP,” said Tilke. “The circuit is going to be very fast and technical and offering a number of interesting features.

“It is a fantastic facility with a great atmosphere and it will be outstanding as the circuit will run through the Olympic Park. I am very optimistic about the future of the unique race track in Sochi and am looking forward to a triumphant start of Formula 1 in Russia."

The Sochi track, which runs in a clockwise direction, will consist of 12 right and 6 left turns.

F1 cars are expected to reach a maximum speed of 321km/h, between the first and second turns. The average F1 lap speed is predicted to be 215km/h.

The Circuit of the Americas, in Austin, Texas, will be the only new venue on the 2013 MotoGP calendar - replacing Estoril - but Argentina and India are predicted to arrive for 2014.

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